In a report released today, Robert Burleson from Canaccord Genuity maintained a Buy rating on Orion Group Holdings (NYSE: ORN), with a price target of $10. The company’s shares opened today at $9.40, close to its 52-week high of $9.49.
According to TipRanks.com, Burleson is a 5-star analyst with an average return of 13.0% and a 59.8% success rate. Burleson covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Faro Technologies, and Nano Dimension.
Currently, the analyst consensus on Orion Group Holdings is a Moderate Buy with an average price target of $10.
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Based on Orion Group Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $4.1 million. In comparison, last year the company had a GAAP net loss of $2.29 million.
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Orion Group Holdings, Inc. is a specialty construction company, which engages in the provision of water services. It operates thrpugh the Marine and Concrete segments.
